Member Info for Mathersfinger

Shipright

Hopefully now people will stop posting their I’ll informed/imaginary going’s on

This so called failed fund raise should be put to bed, as I posted a while back regarding that RNS, it never took place, it was a discussion with the majors

We await the next storyteller

Jezzoo,

The previous directors you say, not the two largest shareholders wanting dilution?
They want it cheap so being bloody minded and playing hard ball, let’s hope the BOD’s come up with a solution and stick to it, even if they don’t like it, just do what is needed for the company to keep forging ahead

Anyway we shall see soon enough

All you need to remember is what Solgold have is wanted, however , the sp is being decimated to allow a low ball offer I believe, when, who knows but it’s been played for months now, BOD’s hopefully will find a good solution to the problem.

We wait and hope

FTJNY,
Nothing wrong with asking a question if you’re not sure, that’s what a BB for, we all don’t know the answers to everything

Atb

Surveys are under way, they have stated this, it’s not exactly a walk in the park, it’s up mountains and through forests with some equipment and food and all.

Stop being so short sighted and moaning at every ruddy possibility, you cause your own problems worrying all the time, don’t know if you’ve noticed but world is in a bit of turmoil at the moment lol

Will wait for the abuse as usual, atb

28 July 2022

SolGold plc

("SolGold" or the "Company")

Business Activity Update



The Board of Directors of SolGold (LSE & TSX: SOLG) is pleased to provide an update on the progress of activities within its exploration portfolio and the Cascabel project.

SolGold's regional exploration programme is focused on a number of highly prospective projects where extensive and systematic geological and geochemical field programmes are underway to rank the priority drill targets, notably at the Company's Porvenir and Helipuerto projects located in southern Ecuador.

Porvenir is the Company's second priority after Cascabel and SolGold has engaged M3 to progress the Porvenir project Pre-Economic Assessment ("PEA") that is on track for completion by year-end. Additionally, field programmes are continuing at numerous satellite targets to the Cacharposa deposit that comprises a Mineral Resource of 397Mt at 0.44% CuEq in the Indicated category and contained metal content of 1.40Mt Cu and 1.80Moz Au (1.75Mt CuEq). Cacharposa is the second Resource to be defined by SolGold as part of its strategy to define a multi project portfolio over the length of Ecuador.

Regional exploration activity has identified the Helipuerto project as the next most important target for the Company. The Helipuerto concessions lie on the southern margin of the Solaris Resources discovery at Warintza where Solaris has published an in-pit Mineral Resource of 579Mt at 0.59% CuEq in the Indicated category. Geophysical, geochemical and geological analysis indicates extension of the Warintza system into SolGold ground and SolGold is expediting the delivery of drilling and environmental permits to drill test extensions to the mineralised system. An initial focus at Helipuerto is on the delineation of the size and tenor of the Tinkimints copper prospect including mapping and sampling of the area directly south of Solaris's Warintza copper-gold porphyry deposit.

SolGold is investigating a number of strategic initiatives to provide the Company with funding options for the development of Cascabel and progression of regional projects.

Now people kicking sand into each other’s faces again on here, time to leave BB for a while I think

Atb

Never underestimate a wounded old dog, it can still give a nasty bite. The old boy isn’t about to go anywhere in my opinion, you say his time is coming to an end, , I don’t, I believe he is working on something which will booster the sp at a point acceptable to him.

As to what he’s going to do, we will have to wait and see, but I honestly believe he won’t lay down and roll over, he’s to much of a fighter for that and good luck to the old boy

Atb

Truss has set the agenda in her speech, Britain to become self reliant in years to come. Copper needed big time, Germany announcing wind farms, France looking to boost their power sources, all in all, copper is at the heart of all this

These new measures for green energy by many countries will see Ecuador and the likes start to become extremely important imo, BOD’s need to capitalise on what Solgold have start more wheels in motion, hopefully Nick can kick a few in the goolies to get things started

Atb

All the financial markets are down as of 3:30, recession and it’s going to get worse so what do you expect?

Gas is up lol

Bozi,

That is for a 26 year life of mine reduced by Solgold as instructed by????

Does make you wonder when life of mine was 55 years plus, anyway enough for today as some tools have turned up to ruin the board

Atb

Bozi,

Good post and yes they want it for a dime

Atb

Giro,

It’s a bit early to be p:ssed isn’t it?

Atb

Sharketmare

You go by AFR, I will go by the company RNS’s and what the CEO says.
Like I said, BHP play games and have a lot of clout, so how would you undermine the company you want, my thoughts with head out of the sand.

Anyway, I’m not changing my mind, I will stick with the news from Solgold

Atb

Jezzoo

Is that what you believe? Then you must have sold up but not moved on have you, see what I mean by posters posting this sort of tosh

Atb

Sharketmare,

You’re relying on the Berry Street rubbish, who are they? what are they? Investors who wanted a quick turn around and it didn’t happen, bitter little company.

Remember BHP play games and are probably still at it, too big for their boots and it will back fire one day.

Atb

Sharketmare,

They may have asked two banks to look at a fund raise, but as I said, they withdrew after discussions with major share holders

Atb

Sharketmare,

Where’s your proof, not hearsay

Atb

Sean hunter,
I’m with Quady here, there was no failed fund raise, read the RNS dated 28th July, bottom of news reads, had DISCUSSIONS with MAJOR share holders and other options.

Read what is written not what rubbish gets posted here, so many keep posting their unsubstantiated thoughts without any real news, just typical little tittle tattle.
Darryl has even been quoted in the media indicating that we evaluated a potential raise but did not go ahead with this.

So you believe what you and others want, I will stick with what is written by the company.

In addition to the cash position of approximately US$26m as at 30 June 2022, SolGold continues to consider, and has had discussions with its major shareholders regarding possible financing structures and options to obtain funding to further progress the Cascabel development, including a potential equity raise. SolGold also continues to assess potential alternative funding structures which may involve strategic investors. The funds raised would be allocated to financing the completion of the Cascabel DFS, regional exploration and general corporate purposes through to the second half of 2023 to maintain momentum on development plans.

Atb

They couldn’t resist at that price, good luck to them

You’re going nowhere with this so called debate, certain posters have fixed views, it’s their choice, but surely relevant posts about Ecuador and Solgold earlier are more interesting?

Atb